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General Investing and Economics Discussion - No Politics
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<blockquote data-quote="RonJohn" data-source="post: 777214" data-attributes="member: 2426"><p>From what I understand, they have been allowing investors to make trades before deposits are posted. Once they get notification of a bank transfer, the investor can make trades even though it might take a few days for the transfer to show up in their books. It is less like not being able to purchase more supplies until someone pays you, more like not being able to pay the immediate call from the hardware supply store for the supplies you have already purchased and received.</p><p></p><p>In this case with Robinhood prohibiting purchases, it isn't because of an SEC requirement as [USER=2897]@bwelbo[/USER] seems to be implying. Other firms still allowed purchases. It is at the least because Robinhood's business practices are not practical on a large scale. (As if in your example the builder promises to purchase supplies and build a house on a promise of later payment) At the most, I don't know that there was collusion to force the price to go down, but there is at least the appearance of impropriety.</p></blockquote><p></p>
[QUOTE="RonJohn, post: 777214, member: 2426"] From what I understand, they have been allowing investors to make trades before deposits are posted. Once they get notification of a bank transfer, the investor can make trades even though it might take a few days for the transfer to show up in their books. It is less like not being able to purchase more supplies until someone pays you, more like not being able to pay the immediate call from the hardware supply store for the supplies you have already purchased and received. In this case with Robinhood prohibiting purchases, it isn't because of an SEC requirement as [USER=2897]@bwelbo[/USER] seems to be implying. Other firms still allowed purchases. It is at the least because Robinhood's business practices are not practical on a large scale. (As if in your example the builder promises to purchase supplies and build a house on a promise of later payment) At the most, I don't know that there was collusion to force the price to go down, but there is at least the appearance of impropriety. [/QUOTE]
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